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Oct 30, 2012
10/12
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and the beauty of both proposals is that the technology and infrastructure and systems and human capital of the g.s.e.'s be wasted but compete with them. so i believe there's been some consensus around a proposal that is feasible and would work. one was issued by somebody who had an ax to ground, the mortgage bankers association, but milstein, coming from the treasury department, presumably his view is what is best for the economy but it is a very similar kinds of proposal in my estimation. and i wish that we could move ahead with something like this. it would be a tremendous benefit, i think, for the taxpayers to get some usefulness out of this investment that they have made in the g.s.e.'s and keeping them together and functioning to use the skeleton and infrastructure in a way that allows the taxpayer to get a benefit, to get some-monthizati some-monthization -- some moneyization of the investment. so, where should we go? in summary, i think the most important thing is to go somewhere assign. it is incredible to have this uncertainty and not know whether you have this future. it is de
and the beauty of both proposals is that the technology and infrastructure and systems and human capital of the g.s.e.'s be wasted but compete with them. so i believe there's been some consensus around a proposal that is feasible and would work. one was issued by somebody who had an ax to ground, the mortgage bankers association, but milstein, coming from the treasury department, presumably his view is what is best for the economy but it is a very similar kinds of proposal in my estimation. and...
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Oct 28, 2012
10/12
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and to invest in the new technologies of the future that will create jobs. unfortunately, the partisanship meant we had a very close vote on the recovery act. candidly, looking back on it, we should have done more on that bill when it passed. secondly, we have a transportation bill that is a little more than two years, only 27 months. it used to be that democrats and republicans would work together to pass more robust transportation bills. to invest across the country so that we are creating jobs and at the same time rebuilding the foundation of the economy. on the transportation bill, one of the reasons it was held up for so long was because the tea party and the house in their ideology kept it from moving forward. i would hope that my opponent, word -- were he to be elected, would say to the tea party that we need to invest in the future, create jobs, and move the economy forward, which means disagreeing with the two-party and investing in infrastructure. >> the fiscal cliff will happen on january 1st of the congress of the united states does nothing befor
and to invest in the new technologies of the future that will create jobs. unfortunately, the partisanship meant we had a very close vote on the recovery act. candidly, looking back on it, we should have done more on that bill when it passed. secondly, we have a transportation bill that is a little more than two years, only 27 months. it used to be that democrats and republicans would work together to pass more robust transportation bills. to invest across the country so that we are creating...
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Oct 29, 2012
10/12
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we have invested heavily in technology because the agency's technology was in dismal state when i arrived which and we now have tools and capabilities the agency has never had before. people think that's great you don't need as many people because you're using technology. technology allows you to work smarter and better and more efficiently buzz it does not diminish the need for people because you find more things to look for insider trading, to look for market manipulation to analyze c.d.o.'s and how they've been structured and what the flaws are. while we put an emphasis on technology we need to invest in our people which and we've been able to grow a little bit in the last couple of years, not enough, but a little bit. i can't really give you a number. i will say that we're an agency of just under 4,000 people with exthe record narrowly broad responsibilities, everything from accounting setting oversight to money market funds and mutual funds to market structure and we all read every day about market structure issues to broker dealers and how they interact with customers to rating agen
we have invested heavily in technology because the agency's technology was in dismal state when i arrived which and we now have tools and capabilities the agency has never had before. people think that's great you don't need as many people because you're using technology. technology allows you to work smarter and better and more efficiently buzz it does not diminish the need for people because you find more things to look for insider trading, to look for market manipulation to analyze c.d.o.'s...
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Oct 27, 2012
10/12
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new technologies offer the promise of unbounded information and inknow vague. new ideas are changing lives and hearts in diverse nations and among diverse peoples. if we seize the moment and rise to the occasion, the century ahead will be an american century. our children will graduate into jobs that are waiting for them. our seniors will be confident that their retirement is secure. our men an women will have good jobs and good pay and good ben pits -- good benefits. and we'll have confidence that our lives are safe and our livelihoods are secure. what this requires is change. change in the course of the last four years. it rears we put aside the small and petty and demand the scale of change we deserve. we need real change. big change. that time has come. our campaign -- [applause] our campaign is about that kind of change. confronting the problems that politicians have avoided for over a decade. revitalizing our competitive economy. modernizing education. restoring our founding principles. this is the kind of change that promises a better future. one shaped
new technologies offer the promise of unbounded information and inknow vague. new ideas are changing lives and hearts in diverse nations and among diverse peoples. if we seize the moment and rise to the occasion, the century ahead will be an american century. our children will graduate into jobs that are waiting for them. our seniors will be confident that their retirement is secure. our men an women will have good jobs and good pay and good ben pits -- good benefits. and we'll have confidence...
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Oct 30, 2012
10/12
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we need to rely on technology. we need to be strategic in how we go about -- >> a smaller military then we have now? >> it might be a different military. it might be smaller, but the most important thing for us is to make sure we have a strong economy in the world. that means making sure that we actually get something done and congress can get the economy back on track. i think we need to be able to react very quickly situations around the world, because many of them are much smaller. what we have done in the past, and congressman king is responsible for this, we have been involved in two wars that have taken a huge toll in human life and money as well. our debt is $6 trillion when he went in -- it is $16 trillion now. we put to wars on the credit card. we have to make sure that before we go into conflict, we are prepared to do that. >> let's ask about what you just said -- you can reply to that. then, if you explain your measurement of u.s. power in the world. >> i have been accused of starting two wars. [laughter
we need to rely on technology. we need to be strategic in how we go about -- >> a smaller military then we have now? >> it might be a different military. it might be smaller, but the most important thing for us is to make sure we have a strong economy in the world. that means making sure that we actually get something done and congress can get the economy back on track. i think we need to be able to react very quickly situations around the world, because many of them are much...
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Nov 1, 2012
11/12
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we need to use technology more so we can move trucks and people back and forth. it is a federal opportunity. the border is a federal responsibility. we cannot go along the in this piecemeal, and a fashion with a broken immigration program and not have comprehensive reform. comprehensive reform is about economics, making the border more secure, it is about facilitating the goods and people on a regular basis so they can work here and go home. we all profit from that. the federal government has an important role. >> we have great filly better infrastructure over the past couple of years. the mayor opposed the port of entry -- mariposa port of entry. we are having trouble getting appropriate staffing for the ports. that has been stressful for those of us and congress. we have not been able to get a staffing model to tell us how much money we need to authorize and appropriate for the sports. in the last go around, i passed an amendment in the house to aopt the secretary's office token amount to come up with a staffing model because we have been begging them to tell u
we need to use technology more so we can move trucks and people back and forth. it is a federal opportunity. the border is a federal responsibility. we cannot go along the in this piecemeal, and a fashion with a broken immigration program and not have comprehensive reform. comprehensive reform is about economics, making the border more secure, it is about facilitating the goods and people on a regular basis so they can work here and go home. we all profit from that. the federal government has...
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Nov 1, 2012
11/12
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by virtue of that technology we can have north earn energy independence within eight years. and that means jobs. that means jobs here in the energy sector as well as in manufacturing. manufacturing uses a lot of energy which and energy here will be abun dent and inexpensive so manufacturing is going to come back. and by the way energy jobs and manufacturing jobs they create a lot of jobs. this is a big plus for us and taking full advantage of it is going to get us working again. that's number one. number two, just a little background. we're the most productive nation of any nation on earth. now productive means when you add up all the things that are made in america including all the services that are sold in america, you add them up and divide them by the number of workers in our work force, the out put per person is greater than other nations. what that means is trade is good for us. so opening up new markets for trade and selling our goods in latin america which is a huge market, we could expand there. i twoont make trade work for america by opening up markets and i also
by virtue of that technology we can have north earn energy independence within eight years. and that means jobs. that means jobs here in the energy sector as well as in manufacturing. manufacturing uses a lot of energy which and energy here will be abun dent and inexpensive so manufacturing is going to come back. and by the way energy jobs and manufacturing jobs they create a lot of jobs. this is a big plus for us and taking full advantage of it is going to get us working again. that's number...